Bollywood Braces for Movie Strike

Bollywood film producers were expected to strike on Saturday after failing to arrive at a revenue-sharing agreement with movie theater owners, TOI News reported. Indian film producers are threatening to stop making new movies if they do not receive a 50 percent share of the revenue raised by multiscreen theaters. Theater owners say that producers stand to make a disproportionate share of revenues, and that they will continue to show older films on their screens until the dispute is resolved. The Times Of India said the $2 billion-a-year Indian film industry now earns as much as 70 percent of its revenue from multiscreen theaters.